The Progressive Corporation (NYSE: PGR), an insurance holding company, has reported positive results for the third quarter of 2023.
- Third-quarter net premiums written increased by 20% to $15.6 billion from $13.0 billion in the corresponding period of last year
- Net premiums earned were $14.9 billion in Q3, up 20% compared to $12.4 billion reported in the third quarter of 2022
- The company reported a net income of $1.12 billion for the September quarter, marking a significant improvement from the prior-year period when reported earnings of $124.1 million
- On a per-share basis, Q3 net income was $1.89, compared to $0.20 in the same period of last year
- Meanwhile, the combined ratio decreased by 6.8 points to 92.4
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Trxade Health Inc. (NASDAQ: MEDS) Q1 2024 Research Summary
Trxade Health, Inc. (NASDAQ: MEDS) is a drug procurement and delivery platform that digitalizes the retail pharmacy experience. The company has a growing network of suppliers and partnerships with independent
Earnings Preview: Walmart (WMT) expected to report sales and profit gains in Q1
Over the years, Walmart Inc. (NYSE: WMT) has constantly diversified while maintaining its dominance in the retail world. The company is preparing to report financial results for the first three
After a positive year, what’s in the cards for Electronic Arts (EA) in FY25
Electronic Arts (NASDAQ: EA) ended fiscal 2024 on a mixed note, reporting lower revenues and improved bottom-line performance for the fourth quarter. The stock declined following the announcement as earnings